AT&T Going After Verizon Wireless Assets
As part of its acquisition of Alltel Wireless, Verizon Wireless must divest $3 billion worth of spectrum and other assets, including coverage of some 2.1 million subscribers spread across 22 different states. The assets are up to Verizon to sell, but AT&T has made its interest in acquiring those assets clear. The Rural Cellular Association and the Organization for the Promotion and Advancement of Small Telecommunications Companies voiced their concerns, as did the public interest group Public Knowledge. They feel the transfer of assets from the largest wireless network operator to the second largest network operator may not be in the best interest of consumers. The Department of Justice must approve the divestitures, and will examine each market individually to make sure that competition is preserved.
AT&T Looking to Sell Assets for Cash
AT&T hopes to offset some of its debt by selling certain assets, reports Reuters. In particular, AT&T may offload several data centers worth about $2 billion, according to sources familiar with AT&T's plans.
Sprint to Sell Certain Network Assets for $2.2 Billion
Sprint has agreed to sell select network assets to a company called Network LeaseCo and then lease back those assets for an unspecified sum. The move is meant to boost Sprint's cash position and will eventually add $2.2 billion to the company's coffers.
Verizon Sees No More Big Spectrum Grabs In Its Future
Verizon today said it doesn't believe it will need to make any more large spectrum acquisitions following the results of the recent AWS-3 spectrum auction. Verizon netted 181 spectrum licenses at a cost of $10.4 billion.
Verizon to Sell Landline Biz to Frontier for $10 Billion
Verizon Communications today confirmed plans to sell part of its wireline telephone and internet business to Frontier Communications for $10 billion. The deal covers Verizon's consumer and business assets in California, Florida, and Texas.
I don't understand how this works. . .
A little help please.
the government regulates how many lanes of the toll road each carrier has access to. the more spectrum a single carrier has the more lanes they can have customers on and the easier traff...